Commercial realty in constant growth

Commercial real estate market in Greece is showing a steady upward trend, with its prospects pointing to this continuing for the next five years, with the majority of investments in the Greek market focusing on office buildings and tourist properties.

Corina Saias, Managing Director of Premier Realty, highlighted that the commercial real estate market in Greece - including offices, shops, hotels, and logistics - is projected to grow at an annual rate of 0.46% from 2024 to 2029, with most investments focusing on office buildings and tourism properties.

Saias cited Spitogatos data to reveal significant price increases since 2019. Office prices per square meter have surged by 47.3% in central Athens, 40.6% in the eastern suburbs, 49.9% in the southern suburbs, and 33.3% in western Athens.

Demand for energy-efficient office buildings in prime locations remains...